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HSBC downgrades Indian stocks to ‘underweight’ as oil shock clouds earnings recovery

HSBC downgrades Indian stocks to ‘underweight’ as oil shock clouds earnings recovery

HSBC has downgraded Indian equities to "underweight," citing surging energy prices from the Middle East war as a threat to the country's earnings recovery. With Brent crude above $100 a barrel, inflation and growth risks are elevated, making India less attrac…

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